As Australia responds to shifting economic, population and technological trends over coming years, the important role of Northern Australia is expected to grow.112
The sectors that will drive and enable this growth include:
• renewable energy for export and use by energy-intensive, manufacturing
• offshore and onshore gas for LNG and gas-based manufacturing
• minerals development and processing
• agribusiness
• carbon offsets, capture and storage
• tourism.113
In addition, the region is well-positioned to host industries that are aligned with Southeast Asian markets.
This includes a diversity of emerging industries such as renewable energy, manufacturing, marine servicing, space launch services and aeronautical research and development (R&D).114